Real estate brokers and sales agents help clients buy, sell, and rent properties. Although brokers and agents do similar work, brokers are licensed to manage their real estate businesses. Sales agents must work with a Real Estate Broker.
What are the requirements?
New York Dept. of State requires applicants for broker licensure to show proof of completing 120 hours of approved education.
Broker pre-licensing applicants will be required to show proof of completing the 45-hour salesperson course, the 30-hour remedial course and the 45-hour broker course, or the 75 salesperson course and the 45-hour broker course.
You must be 20 years of age to become a New York State Licensed Broker. Also, you must have two years of experience as a New York State Salesperson before becoming a New York State Broker.
Be a citizen or lawfully admitted
Provide proof of experience of two full years and 3500 points earned as a licensed real estate salesperson (Realtor), or
Three full years and 5250 points earned in equivalent experience acceptable to the Department of State, and
Pass the NYS Department of State (DOS) Broker licensing exam ($15), and
Apply for Broker license ($150 for two years)
Complete 45- Hour Brokers Course.
What Can I Expect at the Brokers Course?
There are two ways you can take your course. Online or the classroom. You can purchase and view the shedule on the top right side of this page for our classroom courses. If you wish to purchase an online course click here.
The 45-hour course is an approved for continuing education and the 45-hour educational requirement for licensing as a Broker. Successful completion of the course requires 90% attendance and passing the school exam. NOTE:This course does not meet the Fair Housing or Law of Agency requirement for continuing education.
Topics include: RE Agency Disclosure Local Concerns The Broker’s Office RE Finance II RE Investments General Business Law Construction & Development Conveyance of Real Property Title Closing & Costs RE Property Management Taxes & Assessments
How do I know How many points I have earned?
1. In the Number of Transactions Performed column, enter the amount of your activity for each category. 2. Multiply the number of transactions performed by the point value indicated to arrive at the points earned for that category. 3. Add the points earned for each category to arrive at your total points. 4. Enter the total figure on the Total Qualifying Points Line. This is your final qualifying points earned. *Except those using combined experience. You must also complete the Salesperson Employment History on the following page. Number of Total Point Transactions Points Category Value X Performed = Earned